You Are Offered an Investment Opportunity Which of the Following Statements Is True?
A)This Distribution Is

question 47

Multiple Choice

You are offered an investment opportunity.Its outcomes and probabilities are presented in the following table. $$\begin{array} { | c | c | } \hline \boldsymbol { x } & P ( \boldsymbol { x } ) \\\hline \hline - \$ 1,000 & 40 \\\hline \$ 0 & .20 \\\hline + \$ 1,000 & .40 \\\hline\end{array}$$ Which of the following statements is true?

• A)This distribution is skewed to the right.
• B)This is a binomial distribution.
• C)This distribution is symmetric.
• D)This distribution is skewed to the left.
• E)This is a Poisson distribution

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Definitions:

Trial Balance

A spreadsheet where the totals of all ledger balances are gathered into equal totals in debit and credit columns for accounts.

Debit Column

A column in financial accounting used to record entries that decrease liabilities and increase assets or expenses.

Credit Column

A section on the right side of an accounting ledger used to record increases in liability, equity accounts, and revenue, or decreases in assets and expense accounts.

Ledger

A comprehensive collection of a company's accounts, where all transaction data from the journal is summarized and classified.